Dream Orchestra Inc
- Assets
- $217.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3354247
Organization Overview
Dream Orchestra Inc, operating under the name Dream Orchestra, is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dream Orchestra is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Dream Orchestra generated $154.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.2%) each year. All expenses for the organization totaled $118.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.
THE PURPOSE OF THE ORGANIZATION/PROGRAM IS TO EDUCATE CLASSICAL MUSIC AND ORCHESTRAL MUSIC TO YOUNG STUDENTS. ALSO, THE PROGRAM GIVES PERFORMANCE OPPORTUNITIES SO STUDENTS CAN EXPEND THEIR EXPERIENCE IN A WIDE RANGE OF SOCIAL CONTACTS AND BEHAVIOR. THROUGH WEEKLY REHEARSAL, STUDENTS LEARN AND INTRODUCE TO ORCHESTRAL REPERTOIRE. THE GROUP PERFORMS FOR VARIOUS OCCASIONS SUCH AS CHARITY EVENTS, COMMUNITY EVENTS, AND ANNUAL CONCERTS.
THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Suk President | 20 | $35,000 | |
Yoon Kahm Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,300 |
| Total Program Service Revenue | $24,046 |
| Membership dues | $0 |
| Investment income | $25 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $154,371 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $38,160 |
| Professional fees and other payments to independent contractors | $43,436 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,065 |
| Other expenses | $36,274 |
| Total expenses | $118,935 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $189,750 |
| Other assets | $0 |
| Total assets | $217,064 |
| Total liabilities | $22,080 |
| Net assets or fund balances | $194,984 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dream Orchestra Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Chanil Foundation 29j-74v27 Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Symphony San Francisco, CA | $429,119,299 | $66,425,902 |
San Diego Symphony Orchestra Association San Diego, CA | $168,111,113 | $56,683,795 |
Oregon Symphony Association Portland, OR | $27,740,551 | $13,773,397 |
Pacific Symphony Irvine, CA | $52,133,763 | $17,603,170 |
San Diego Symphony Foundation San Diego, CA | $121,018,561 | $925,945 |
Philharmonia Baroque Orchestra & Chorale San Francisco, CA | $8,005,058 | $4,824,687 |
Santa Rosa Symphony Association Santa Rosa, CA | $23,001,628 | $6,302,463 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Pasadena Symphony Association Pasadena, CA | $11,596,205 | $5,563,647 |
Santa Barbara Symphony Orchestra Association Santa Barbara, CA | $1,028,763 | $2,763,199 |
The Los Angeles Chamber Orchestra Society Inc Los Angeles, CA | $5,194,806 | $3,490,076 |